Partner slaps Yahoo! with $10 million lawsuit

Portal's bugs bashed our reputation as a broker, claims litigant

Yahoo! is being sued for $10 million by an Illinois-based online stock brokerage which claims that the giant portal neglected to maintain their co-branded Web site. Earlier this year Web Street Securities (WSS) agreed to sponsor a just-for-fun portfolio contest site on Yahoo!'s finance channel. However, Yahoo! ignored numerous requests to fix technology glitches on the site, WSS claims. As a result, said senior VP of WSS, Jonathan Rosenberg, his company received many complaints from angry customers causing a lot of negative will in the trading community against his company. "We felt they were in breach for not standing behind their product," he said. Yahoo! refused to comment on the details surrounding the case but a spokeswoman did confirm that the company would "defend it rigorously". ® Click for more storiesClick for story index